Prysmian's results above all expectations

Wind Industry Profile of

Profits and cash generation grew by over 50%

SALES AT €16,067M, ORGANIC GROWTH AT +14.4% ADJ EBITDA AT €1,488M, +52.5% VS 2021, WITH SHARPLY IMPROVED MARGINS AT 9.3% VS 7.7% IN 2021 GROUP NET PROFIT SOAR TO €504M (+63.4%) STRONG CASH GENERATION, FREE CASH FLOW AT €559M (+ 53% VS 2021) AND NET DEBT DOWN TO €1,417M CO2 (SCOPE 1&2) EMISSIONS AT –24%, SCOPE 3 AT -7.5% VS 2019 BASELINE (SBTI CERTIFIED DATA); BUSINESS PERFORMANCE DRIVEN BY ENERGY TRANSITION, ELECTRIFICATION AND DIGITALISATION, WITH ORDER BOOK PROJECTS AT €8.4BN PROJECTS SALES AT +30.3% THANKS TO SUBMARINE ENERGY SYSTEMS ENERGY SALES AT +12.3%, FUELLED BY RENEWABLES, POWER... ... More: Official Press Release Prysmian Group

Keywords:

Prysmian, results, sales, profit, cash generation, growth, EBITDA, outlook, expectations, margins, shares, cablesm offshore, energy transition